Latest news with #MisrHotelsCompany
Zawya
11-08-2025
- Business
- Zawya
Egypt: Misr Hotels sees 4.45% YoY lower profits in FY2024/25
Arab Finance: Misr Hotels Company posted 4.45% year-on-year (YoY) lower net profits after tax at EGP 1.389 billion in fiscal year (FY) 2024/2025, compared to EGP 1.454 billion, according to the financial results. The earnings per share (EPS) amounted to EGP 2.62 in the 12-month period that ended on June 30 th, 2025, compared to EGP 1.56 a year earlier. Revenues jumped to EGP 1.906 billion in FY2024/2025 from EGP 1.438 billion in FY2023/24. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
CairoScene
04-06-2025
- Business
- CairoScene
Omar Effendi El-Hegaz to Be Transformed Into Four-Star Hotel
The historic Cairo landmark is set to reopen as a hotel under Misr Hotels' latest revitalisation plan. Jun 04, 2025 The Omar Effendi building in El-Hegaz, a historic Cairo landmark, is set to be converted into a four-star hotel under a new plan by Misr Hotels Company. Originally established in 1856 as Orosdi-Back by Austro-Hungarian merchants, the Omar Effendi chain adopted its current name in 1921 after being acquired by an Egyptian businessman. The conversion process will begin with a series of executive and legal steps, including the commissioning of a full feasibility study. This study will address financial, technical, and marketing aspects and will be carried out by a firm registered with the Central Bank of Egypt. An engineering assessment will also be conducted to evaluate the structural condition of the building and determine its suitability for hotel use. A detailed timeline will be developed to guide the various phases of the project. Operating under the Holding Company for Tourism, Hotels, and Trade, Misr Hotels manages notable properties such as the Nile Ritz-Carlton in Cairo and the Safir Dahab Resort Hotel. The initiative comes as Misr Hotels continues to strengthen its portfolio. In the first nine months of FY2024/2025, the company recorded revenues of EGP 1.42 billion, an increase from EGP 1.003 billion during the same period the previous year.
Zawya
30-01-2025
- Business
- Zawya
Egypt: Misr Hotels records 77.6% YoY profit surge in H1 FY2024/25
Misr Hotels Company (MHOT) reported a 77.6% year-on-year (YoY) increase in net profits after tax for the first half (H1) of fiscal year (FY) 2024/2025, the firm disclosed. The company earned EGP 763.935 million in net profits in the six-month period ended December 31st, compared to EGP 430.216 million in the corresponding period of 2023. Moreover, the company generated revenues of EGP 935.211 million in H1 of FY 2024/2025, compared to EGP 577.907 million in the same half a FY earlier, with an annual growth of 61.8%. Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
